Newsome Band Boosters Inc

Analysis

Newsome Band Boosters Inc is a registered charity in United States, based in Lithia, FL. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Newsome Band Boosters Inc reported income of $266k and spending of $277k, spending 104% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $181k to $266k (+47%), an average of +10% a year. The sharpest change came in the year to May 2022, when income rose by 73%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Newsome Band Boosters Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include Corpsvets Inc ($266k), Cleveland Arts Prize ($266k) and Washington Architectural Foundation ($266k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. At year end it held assets of $89k against liabilities of $15k, net assets of $74k.